Loan Screens > Credit Reporting > Credit Reporting Screen > Credit Reporting & Loan Information tab

Entry: User, checkbox

F/M: Yes

Mnemonic: BUCRBU

Screen: Loans > Credit Reporting > Credit Reporting & Loan Information tab

If this field is checked, the account will be reported to the credit repositories (FPSRP184). This field is also found on many screens in CIM GOLD:

•Loans > Account Information > Signature Loan Details screen > Loan tab

•Loans > Cards and Promotions screen > Fees and Charges tab

•Loans > Misc Secured F/M Data screen

If you check the box on one of those screens, the account will always be included in the report to the credit repositories, unless you uncheck the box on those screens. The box on this screen is updated each month after the Credit Reporting Update program is run. In other words, once the Credit Reporting Update is run at monthend, the system checks the Report to Credit Bureau field on other screens, and if they are checked, it then updates the Report to Credit Bureau field on the Credit Reporting screen accordingly. If the next month you uncheck the box on the other screens, the Credit Reporting Update runs and unchecks the box on this screen.

Only those loans that are checked will be reported. Usually, this box is checked as part of the Loan Pattern setup.

WARNING: Credit Reports do not accept information on business accounts. Therefore, business accounts should not be reported to them. The Report to Credit Bureau? field should be unchecked on all business accounts. However, GOLDPoint Systems sends the information to the credit repositories when this field is checked.

Option: If your institution has acquired loans, Institution Option LTCB allows you to delay 60 days prior to reporting the account to the credit repositories.